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Mortgage Market Update
My Mortgage Company
Financial Mortgage Corp
Wednesday, September 2, 2026
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Does refinancing make sense for your situation? |
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Refinancing headlines pop up every week, but the decision is personal and specific to your home and finances. This week I want to share what really matters when you're considering a refi.
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National Mortgage Rates · August 27, 2026
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Refinance Strategy
When does refinancing actually make sense?
Refinancing isn't always the right move, even when rates look favorable. The key is understanding your own situation—how long you plan to stay in your home, what your current loan terms are, and whether the monthly savings justify the costs involved. Some borrowers benefit immediately; others need to stay in the home longer to break even. I help clients run the real numbers so they're not guessing. If you've been wondering whether refinancing could work for you, I'm happy to walk through the specifics of your loan and show you what the actual picture looks like. No pressure, just clarity. Reach out if you'd like me to review your refinance options with you.
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Tip of the Week
Your mortgage interest may be tax-deductible if you itemize. Check with your tax professional to see if it benefits you.
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Tips for Homeowners
Understanding Mortgage Points
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1.
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One mortgage point equals 1% of your loan amount. Paying points ("buying down the rate") reduces your interest rate — typically 0.25% per point, though this varies by lender and market.
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2.
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Calculate your break-even: divide the cost of the points by your monthly savings. If it takes 4 years to break even and you plan to stay 10 years, buying points makes sense.
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3.
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Points paid on a home purchase are generally tax-deductible in the year paid (if you itemize). Points on a refinance must be deducted over the life of the loan.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Financial Mortgage Corp
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